The EU commissioner for justice and home affairs, Viviane Reding, will table a proposal in October or November that would fine or sanction state-owned companies whose supervisory boards are composed of less than 40 percent of women by 2020.
The draft legislative proposal - seen by the International Herald Tribune and the Financial Times - aims to tackle persistent gender imbalances across the EU.
“Progress in the share of women on company boards is very slow, with an average annua...
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